GreenTree Hospitality Group, which franchises over 2,000 economy and mid-scale hotels in China, filed on Tuesday with the SEC to raise up to $200 million in an initial public offering.
The Shanghai, China-based company was founded in 2004 and booked $125 million in sales for the 12 months ended December 31, 2017. It plans to list on the NYSE under the symbol GHG. Morgan Stanley, BofA Merrill Lynch and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
